| Licencee:-WESCO
LTD. |
ANNEX-B1 |
| CALCULATION OF
CAPITAL BASE AND REASONABLE RETURN FORTHE FINANCIAL YEAR 2001-02 |
| [In
accordance with para XVII of Schedule VI of Electricity (Supply) Act, 1948] |
| |
Rs
in Crore |
| A. |
|
01-02(PROP) |
01-02(APPRO) |
(a) |
Original
cost of fixed asset |
379.95 |
383.17 |
| |
Less
consumers contribution |
-52.19 |
-53.01 |
(b) |
Cost
of intangible asset |
0.00 |
0.00 |
(c) |
The
original cost of Work in progress |
42.00 |
47.85 |
(d) |
The
amount of investment compulsorily made under para-IV |
4.1552 |
0 |
(e) |
An
amount on account of working capital equal to the sum of |
|
|
| |
(i)
Average cost of stores |
8.74 |
3.40 |
| |
(1/12th
of the sum of the stores materials and suppliers |
|
|
| |
including
fuel in hand at the end of each month of the year) |
|
|
| |
(ii)
Average cash and bank balance |
13.29 |
9.97 |
| |
(1/12th
of the sum of cash and bank balance whether credit or debit and call and short term
deposits at the end of each month of the year) |
|
|
Total
of A: |
|
395.95 |
391.39 |
Less |
|
|
|
B. |
|
|
|
i) |
The
amounts written off or set asside on account of depreciation of fixed assets. |
121.76 |
112.52 |
ii) |
The
amount of any loan advanced by GRIDCO |
98.87 |
107.34 |
ii-a) |
The
amount of any loans borrowed from organisations or institutions approved by the State
Govt.(WORLD BANK) |
71.93 |
73.40 |
ii-b) |
The
amount of any debenture issued by the licensee.-NTPC Bond |
103.00 |
103.00 |
iii) |
The
amounts of deposited in cash with the licensee by consumers, by way of security. |
|
66.73 |
iv) |
The
amount standing to the credit of Tariffs and Dividends control reserve at the beginning of
the year of account. |
|
|
v) |
The
amount standing to the credit of the Development reserve at the close of the year. |
|
|
vi) |
The amount carried forward (at the beginning of the year of accounting) in
the accounts of the Licensee for distribution to the consumers. |
| |
395.56 |
463.00 |
| Total of B: |
|
|
|
Capital
Base (A-B) |
|
0.39 |
(71.61) |
Reasonable return @ % on Capital Base |
0.92 |
1.42 |